Tether Discusses Stake Sale Amid $500 Billion Valuation
Date: 2025-09-25 Author: Oliver Abernathy Categories: BUSINESS
Tether, the issuer of the USDT stablecoin, has begun talks to raise funding in the range of $15 billion to $20 billion. According to Bloomberg, the potential funds could be raised through the sale of approximately 3% of its capital. Cantor Fitzgerald is advising on the deal.
The process is in its early stages, and details are subject to change. If the deal is successful, Tether could be valued at $500 billion—a level comparable to OpenAI and SpaceX. For a cryptocurrency company operating under limited regulation, such a valuation would be unique. By comparison, Circle, which issues the USDC stablecoin and recently went public, is valued at only $30 billion.
Tether CEO Paolo Ardoino confirmed on social media platform X that the company is considering working with a "small circle of strategic investors." He noted that the funds raised will be used to expand the business in several areas: from stablecoins and artificial intelligence to commodity trading, energy, and media.
Tether currently controls the world's largest stablecoin, USDT, backed by the US dollar. Its market capitalization is estimated at approximately $172 billion, significantly exceeding its competitors. The company generates its primary income by investing its reserves in short-term financial instruments, including US Treasury bonds. In the second quarter of 2025, Tether recorded a net profit of $4.9 billion, and Ardoino previously claimed that the business's marginality is close to 99%. These figures are not officially published, as the company remains private.
Bloomberg notes that in recent months, Tether has been actively preparing for a return to the US market. As a reminder, the company left the US in 2021 following a dispute with regulators and a $41 million fine. However, the situation changed after Donald Trump's election as president: in September, Tether launched a new product, the USAT stablecoin, which complies with US law, and appointed former White House official Bo Hines as its strategic advisor.
Potential investors have already reviewed the company's financial documents, and the deal is expected to close before the end of this year.
Thus, Tether aims to strengthen its position not only in the stablecoin market but also to expand into new sectors, leveraging the influx of investment for large-scale development.
